Compagnia dei Caraibi (TIME) Q1 2025 earnings summary

Executive summary

• Consolidated revenues for Q1 2025 were €10.0 million, down 12.4% year-over-year due to a slowdown in consumption and the removal of Brown-Forman brands from the portfolio.

• The company is undergoing organizational restructuring to improve efficiency and is focused on attracting new brands for exclusive distribution.

• Spirits and wine segments outside the Brown-Forman brands are performing steadily with solid demand.

Outlook and guidance

• Management remains confident in the business model and is prioritizing strengthening both B2B and B2C distribution channels.

• Strategic focus is on national and international consolidation of owned and co-owned brands.

Significant events and developments

• Board of Directors renewed the Supervisory Body for the 2025-2027 term, appointing Avv. Gabriele Pignatti Morano and Avv. Anna Cairo.

• The company continues to expand its omnichannel approach with the Dispensa project targeting end consumers.